Covid outbreaks dampen occupancy recovery at Friends of the Elderly
Outbreaks of Covid-19 hampered occupancy recovery at Friends of the Elderly (FotE), leading to a slip in revenue and continued operating loss at the...
Outcomes First and National Fostering Group split
Operator of specialist schools Outcomes First Group (OFG) is splitting from the National Fostering Group (NFG) to create two separate companies.
OFG’s brands Acorn Education...
Demand for homecare helps drive up results at Care South
Enquiries and admissions are returning to more ‘normalised levels’ at Care South, as it reverses the decline in occupancy levels caused by the pandemic.
Homes...
Leadership of Valorum Care Group changes hands as CEO and chair exit
Valorum Care Group chief executive Rhian Stone and chair Simon Harrison are no longer at the provider after parent company FourSynergy Group sold its...
Impact increases revolving credit facility with Virgin Money
Impact Healthcare REIT has doubled its existing revolving credit facility with Clydesdale Bank - trading as Virgin Money - from £25m to £50m.
It has...
Swanton Care and Community completes two further acquisitions
Apposite Capital-backed Swanton Care and Community has acquired Children and Family Services Ltd (CFS) and Care Homes for Adults with Disabilities Ltd (CHAD).
CFS, trading...
Staffing remains area of ‘intense management focus’ at Four Seasons
Increased levels of agency use at Four Seasons Health Care continued during the second and third quarters of the year, with ‘significant management focus...
Learn 2 Live Youth Clinic acquires former care home site
Learn 2 Live Youth Clinic Ltd has acquired former care home site Winton House in Nether Wallop, Hampshire, from Amesbury Abbey Ltd.
The 10-acre site...
CIM and CareTech enter sale and leaseback agreement
Civitas Investment Management (CIM) has invested £200m in a portfolio of specialist care properties from CareTech under a sale and leaseback deal.
The portfolio comprises...
Duke Royalty backs Tristone’s acquisition of Next Steps
Alternative capital solutions provider Duke Royalty has invested £3.2m into its existing partner Tristone Healthcare Ltd to fund its latest acquisition.
Tristone has acquired K...
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